??!! You are given the following information about XX Company in2020:The company's fixed costs are expected to be $158,000, theselling price per unit is $13, and while the variable cost per unitis $4.The company wants to earn a net income of $65,000 daring 2020.The required sales units to meet the target net income during2020 is (rounded up to the nearest whole number)

Explanation of Fixed Costs: Fixed costs are expenses that remain constant regardless of production…

Answered: You are given the following information…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4: Preparing And Using Financial Statements

Section: Chapter Questions

Problem 1gM

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You are given the following information about XX company in 2020
Target net income during 2020??
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Cullumber Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,990 units Sales price $40 per unit Variable costs $20 per unit Fixed costs $35,880 If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required:
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